Alliancebernstein L.P. Buys 180 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Alliancebernstein L.P. raised its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,474 shares of the financial services provider’s stock after acquiring an additional 180 shares during the quarter. Alliancebernstein L.P.’s holdings in Colliers International Group were worth $1,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Colliers International Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock worth $253,867,000 after purchasing an additional 21,422 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after buying an additional 340,691 shares during the last quarter. Alberta Investment Management Corp raised its holdings in shares of Colliers International Group by 3.4% in the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock valued at $85,143,000 after purchasing an additional 20,794 shares during the last quarter. Norges Bank bought a new position in shares of Colliers International Group during the 4th quarter worth approximately $74,615,000. Finally, Artisan Partners Limited Partnership boosted its position in Colliers International Group by 67.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock worth $59,320,000 after purchasing an additional 176,232 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. Royal Bank of Canada raised their target price on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. The Goldman Sachs Group lowered their price objective on Colliers International Group from $165.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, Raymond James reduced their target price on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.80.

Colliers International Group Stock Performance

Shares of CIGI opened at $114.06 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The stock has a 50-day moving average price of $122.29 and a 200-day moving average price of $136.93. The company has a market cap of $5.62 billion, a PE ratio of 35.76 and a beta of 1.36. Colliers International Group Inc. has a 12-month low of $100.86 and a 12-month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. As a group, equities analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.